Reading Time: < 1 minute I found this knock off iPod Nano at Taobao, Mr. Ma Yun’s company. Note his big baby Alibaba is preparing for the IPO in Hongkong later this year. It appears to me this “grey market iPod” looks very much like the real one; and it has its own market, because fashion-chasing teenagers in China want
Reading Time: < 1 minute 1) Traders, including the grannies sitting in China stock brokage houses. 2) Hedging fund: people who have short positions, options…all these are closely related to the general market, and can have a wider swing than common stocks. 3) Mutual fund: because they have a large portifolio, they are exposed to the general market condition (weak,
Reading Time: < 1 minute The pictures are hosted at Yupoo (China), please be patient if you are in the US as I am supporting our domestic brand. Babi bun, the breakfast place just raise the price because of rising pork cost. Residential Inn, it looks like the Marriot residential inns in the US, I have not stayed there so
Reading Time: < 1 minute Some pictures taken on the airplane. The AA289 (from ORD to PVG) flies through Canada, Arctic ocean, Siberia, Mogolia and China. Queen island in Canada Wing
Reading Time: < 1 minute I went to the China Merchants Bank today, to exchange some USD into CNY. The rate is 7.5544. From what I read, the US senate has passed a bill to push China to appreciate the CNY more faster. That certainlly did not help me (get more Chairman Mao for my green backs). On a positive
Reading Time: < 1 minute Got back to Shanghai in the weekend; my limit observations in past 2 days suggest those two are hot besides the weather. Don’t run and buy stocks solely based on this. Crocs: I saw people wearing Crocs near Zhongshan Park, at Hongqiao Parkson Shopping Mall and Jinjiang Chef (restaurant). Today my co-worker told me this
Reading Time: < 1 minute The local temperature is 29 to 38 Celsius, or 84.2 to 100.4 Farenheit. Stock market: Shanghai composites is edging up to new high (at 4398.79 as of 10:25 AM July 30 local time). I will talk about the craziness of “Crocs” in Shanghai later, and Sheng Jian Bao place. I think I will miss a
Reading Time: 2 minutes Today Bill Miller must be very happy, as his fund (Legg Mason Value Trust) core holdings Amazon (5% of $20 b, roughly $1 b) went up more than 20%, this is the second time AMZN came out with a blockbuster quarter this year, and the stock has been up more than 100% in the past
Reading Time: < 1 minute made history today. I am talking about the YouTube CNN Democrats Presidential Canidates debates. While people are talking about who won the debates, I think both Google (GOOG) which owns YouTube, and CNN (owned by Time Warner, TWX) won this thing. Finally YouTube starts to get serious? And CNN is fun to watch (especially for
Reading Time: < 1 minute Today I saw in the news that Opsware (OPSW) is bought out by HP. Interestingly, OPSW is one of the first stocks I bought in my Scottrade account. The reason I bought it is simple: it’s being mentioned in the Kiplinger Personal Finance magazine, and its founder and CEO Marc Andreessen is the developer and
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